Steakholder Foods Ltd. (NASDAQ: STKH) got traction Tuesday, as the company a leading innovator in alternative proteins and 3D printing technologies, announced that it has received its first purchase order from Wyler Farm Ltd. under the commercial cooperation agreement signed in May. This order expands Steakholder Foods’ premix revenue stream to include its proprietary SH™ – Beef premix blend, following the Company’s earlier announcement this month of its first premix revenue stream for its SH™ – Fish premix blend.
The purchase order follows the commercial cooperation agreement between Steakholder Foods and Wyler Farm. Under the terms of this agreement, Steakholder Foods will supply its proprietary SH™ – Beef premix blend for integration into Wyler Farm’s new product line of plant-based meatballs, burgers, and minced beef, scheduled for market introduction no later than early 2025. The initial production phase has begun at Wyler Farm’s facilities and will allow Wyler Farm to fine-tune production processes to ensure the products are ready for a successful market launch. The new product line will be marketed and sold under Wyler Farm’s brand –
“Whaat Meat?! by Steakholder” and distributed through Wyler Farm’s established distribution channels.
Founded in 2019, Steakholder Foods specializes in developing and selling 3D-printing production machines, supported by proprietary premix blends, formulated from the highest-quality raw ingredients.
STKH shares hiked 24 cents, or 8.3%, to $3.14.
